Carrefour Denies Wal-Mart Takeover
London, Carrefour SA denied a report in the British newspaper Sunday Mail that stated that Wal-Mart is interested in bidding to take over the French retailer. The newspaper reported that Wal-Mart CEO Lee Scott and Carrefour chairman Luc Vandevelde have talked within the last month about a takeover bid or Wal-Mart’s acquisition of certain Carrefour stores.
Carrefour denied the paper’s report. A Carrefour spokeswoman said, “It isn’t true. There are no discussions between Carrefour and Wal-Mart.” Speculation about Wal-Mart’s interest in Carrefour has been longstanding.
Target Adds Smith & Hawken to Stores
Minneapolis, Target has signed a deal with Smith & Hawken that will bring the upscale gardening and outdoor living brand to Target garden centers by late this year and to Target stores nationwide by March 2006.
According to Smith & Hawken president Barry Sanders, the company will design an exclusive line of items specifically for Target.
Sears Hiring Once More
Hoffman Estates, Ill., Four months after firing 850 workers, Sears Holding Corp. has posted nearly 100 help-wanted notices on Monster.com. The corporate headquarters jobs range from women’s apparel buyer to VP of financial services.
Some Sears workers who lost their jobs in April are speculating that the new jobs will be on a different pay structure than prior jobs—lowering base salaries to bring costs down.